The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New Fund is Bullish on Energy Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 2, 2004

New Fund is Bullish on Energy

Reported by Theresa Sim

Guinness Atkinson is placing a bet that energy is the place to be. The Woodland Hills, California-based fund firm launched an energy fund on Wednesday.

London-based fund manager Tim Guinness will leverage his knowledge of the energy markets for the new Guinness Atkinson Global Energy Fund. Guinness, chairman and chief investment officer of Guinness Atkinson, also manages the Investec GSF Global Energy Fund, an offshore fund. Edmund Harriss will co-manage the fund.

In the beginning, managers will invest almost entirely in traditional, fossil-fuel based energy sources, said Jim Atkinson, president and chief executive officer of the firm. Over time, as alternative energy investments become more attractive, managers will invest accordingly.

"The reign of ‘King Oil’ is ending, with known supplies potentially unable to keep pace with rapidly increasing energy demand, especially in Asia," stated Guinness. "We believe this creates a scenario of higher prices for petroleum-based and other traditional energy sources, which could lead to the profitable development of alternative sources of energy."

Atkinson and Guinness first thought up the idea for the fund last year, and made the decision to launch it in the first quarter, said Atkinson.

The firm will run an electronic ad on Friday and launch a print ad campaign in a few weeks to market the fund, said Atkinson. The firm hopes to draw from shareholders in existing Guinness Atkinson funds and new investors. New investors will have to shell out at least $5,000; existing investors must invest at least $2,500.

"We'd like to get to $25 million as fast as possible," said Atkinson. Guinness Atkinson currently manages $170 million in assets in three funds. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use